Strayer MAT540 week 2 discussion

Question # 00018846 Posted By: neil2103 Updated on: 07/01/2014 12:22 PM Due on: 07/29/2014
Subject Mathematics Topic General Mathematics Tutorials:
Question
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In your own words, explain how to obtain the “expected value of perfect information” for any payoff table, which has probabilities associated with each state of nature. Then, provide an example, drawing from any of the payoff tables in Problems 1-17 in the back of Chapter 12. If no probabilities are given for the states of nature, then assume equal likelihood.
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